Question
3. You own a 30-year, $1000 face value bond paying 9% coupon annually. If market price of the bond is 1500, what should be the
3. You own a 30-year, $1000 face value bond paying 9% coupon annually. If market price of the bond is 1500, what should be the Yield to Maturity of the bond?
You also own a 30-year, $1000 face value bond paying 9% coupon annually. What should be the market price of the bond so that its Yield to Maturity is exactly 7%?
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
